Bring your Shiff Fork, this ones Fight Club Style. Looking in on BCHUSD reveals some Mid-to-Short Term Shiff Pitchfork (minus the pitch) action with an array of confirmations.
Price action seems to be caught in a crowd gathered pit fight, and the range is 'the low 120's' (low) and 'the high 130's' (high).
A move down from the .25 Line would likely shove price back up from a supporting .382 zone from the Lower Parallel (looking like more support in this zone than upper than upper parallel's action resistance).
A move up from the .25 Line might see a kick back to the other side from the .382 upper parallel
The back and forth has been going on a modest 18 days, and the trend is mostly sideways, with a less than ideal pitch.
What can you do? There it is. Trade the range?
Good luck, Traders. May you find yourself on the profitable side of it.
~Harbachan
Price action seems to be caught in a crowd gathered pit fight, and the range is 'the low 120's' (low) and 'the high 130's' (high).
A move down from the .25 Line would likely shove price back up from a supporting .382 zone from the Lower Parallel (looking like more support in this zone than upper than upper parallel's action resistance).
A move up from the .25 Line might see a kick back to the other side from the .382 upper parallel
The back and forth has been going on a modest 18 days, and the trend is mostly sideways, with a less than ideal pitch.
What can you do? There it is. Trade the range?
Good luck, Traders. May you find yourself on the profitable side of it.
~Harbachan
Nota
And that's how you blast through 18 days of resistance, brute force.Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.